Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 11.  EARNINGS (LOSS) PER SHARE



Basic earnings (loss) per share is computed by dividing earnings (loss) by the weighted average number of common shares outstanding during each period.  Diluted earnings (loss) per share is computed by dividing earnings (loss) by the total of the weighted average number of shares of common stock outstanding during each period, plus the effect of dilutive outstanding stock options and unvested restricted stock grants.  Potentially dilutive securities are excluded from the computation of diluted earnings per share if their effect is anti-dilutive due to net loss.



The following table is a reconciliation of basic and diluted shares of common stock outstanding used in the calculation of earnings (loss) per share:





 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

September 30, 2017

 

September 30, 2016

 

September 30, 2017

 

September 30, 2016



 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

30,017 

 

 

30,063 

 

 

30,015 

 

 

30,525 

Effect of dilutive stock awards

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Weighted average shares outstanding - diluted

 

 

30,017 

 

 

30,063 

 

 

30,015 

 

 

30,525 



 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.05)

 

$

(0.01)

 

$

(0.22)

 

$

(0.25)

Diluted

 

 

(0.05)

 

 

(0.01)

 

 

(0.22)

 

 

(0.25)

 





For the three months ended September 30, 2017 and 2016, equity awards of 2,835 and 2,517, respectively, and for the nine months ended September 30, 2017 and 2016, equity awards of 2,793 and 2,491, respectively, were outstanding and anti-dilutive and therefore not included in the calculation of loss per share for these periods.